MCX Crude Crashes Near Rs 7700 Mark, NY Declares Health Emergency Due To Monkeypox

1 Aug 2022 , 10:01 AM

MCX Crude oil tumbled in early moves, giving up the bulk of the recent gains as a heavy slide in global prices weighed. WTI Crude oil crashed 1.30% to $97 per barrel. The MCX Crude oil also fell near Rs 7700 per barrel and currently trades down 1.66% at Rs 7712 per barrel. The overall mood in the market is cautious as New York City on Saturday declared a public health emergency due to the monkeypox outbreak. New York City is currently the epicenter of the outbreak, and it is estimated that approximately 150,000 New Yorkers may currently be at risk for monkeypox exposure.Powered by Commodity Insights